To whom it may concern,
I think I should be able to choose the public investments that are right for me and my family. Public investments should be available to all of the public, not just the privileged.
I believe that I shouldn't have to go through any special process like passing a test before I can invest in public securities, like leveraged and inverse funds. I think I am capable of
I have been investing in leveraged ETFs for four years. Risky, yes. But strict rules would not stop people from investing. Please use prudence in legislation in allowing the public access to some very good tools.
Please let the individual decide if and how one wants to use leverage.
I have found these instruments very valuable. Let me give you a simple example. Maybe four, five years ago my daughter opened a Roth IRA. We deposited exactly $2500 into two 2X leveraged funds, ROM and UCC. Complete buy and hold, no trading at all, especially as the IRA is held by Vanguard which restricted buying and selling of these securities altogether. So no option to sell and re-buy.
Limiting retail investor from investing in "complex" investment vehicles is a direct threat to the freedom of American citizens. Our financial future should not be restricted by FINRA and only serves to deepen the economic divide between rich and poor in the country.
I dont think we should be limited on what inverse shares we can buy.
I strongly oppose the proposed restrictions in trading leveraged securities. As part of my portfolio, I want to buy/sell these securities from time to time and don't want to see regulations complicate my ability to do so.
I am very disappointed with the proposal to restrict my ability to buy leveraged and inversed fund. I am perfectly capable of educating myself about those instruments and I don't need to pass any special test. I am using these instruments to reduce risk and they are very beneficial to my portfolio strategy. I hope you would not enact any restrictions on purchasing those instruments by
These instruments provide important hedging protection during times of market volatility for investors. As most have wealth locked in the retirment accoutns, access to these in retirement account is critical.
Please do not limit my access to these funds. I perfectly well know what I am doing and do not need the additional administrative burden of complying with whatever "tests" are created.
